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Ted Cruz faces huge fundraising deficit in Texas Senate race
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Sen. Ted Cruz (R-TX) is one of few Republicans who will be seeking reelection this fall — but he’s currently trailing his opponent, at least in one important department: fundraising.
His Democrat challenger, current U.S. Rep. Beto O’Rourke, has already raised over twice as much in campaign funds as Cruz.
Is Cruz going lose his Senate seat in a possible shocker of an election?
Cruz losing the fundraising battle
The Texas Tribune recently published a report detailing the amount of money raised in the first quarter of this year by incumbent Cruz and O’Rourke, who will be looking to take Cruz’s seat in the upcoming midterm elections. While it is no surprise that O’Rourke is leading the fundraising battle, the amount that he is leading by is alarming.
From January to March, O’Rourke brought in $6.7 million, while Cruz only managed to raise $3.2 million. That puts O’Rourke in the lead by roughly $3.5 million; he has more than doubled Cruz’s funding, with one of the largest quarterly, non-presidential federal fundraising hauls ever.
To put this in perspective, Cruz’s $3.2 million is nothing to scoff at — it is more than respectable for a senator seeking reelection. O’Rourke has just somehow managed to make a lot more.
But will it matter?
Despite what O’Rourke has been able to accomplish thus far in terms of funding and support from Texans, many believe that Cruz is still a favorite this November. On the money front, Cruz has a network of political activist groups that will help him out, while O’Rourke has only a single campaign account — and has even publicly requested that super PACs don’t help him.
With his leadership PAC and his joint fundraising committee included, Cruz is already appearing to catch up to O’Rourke; the Tribune reported that Cruz’s campaign already has a total of $8.2 million on hand, partially from these groups.
O’Rourke’s campaign has expressed similar total numbers.
The amount of money that O’Rourke has been able to bring in is consistent with a current trend sweeping the nation: Democrats, witnessing President Donald Trump’s success over the past year and fearing further defeat, are throwing every penny they can find into upcoming elections.
But Democrats would need to flip 24 seats in the House of Representatives and 28 seats in the Senate to regain control of Congress — and no Democrat has represented Texas in the U.S. Senate since 1994.
With that, we’d say the odds are still stacked in Cruz’s favor — but Republicans must to take their support the polls this November to ensure a GOP victory.
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